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Large Format Printer Market Share, Segmentation, Report 2024

However, high operating

However, high operating cost and huge initial investments are some of the factors restraining the growth of the large format printer market. Furthermore, these printers are not versatile and can be used only for specific purposes, which act as a barrier to the market growth. For instance, if the company is not looking for printing large posters or billboards then the entire investment can go in vain, limiting the market growth. The electricity consumption by large format printers is also high, which also acts as a barrier to the market growth. Large Format Printer Market Size, Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, France, Italy, Russia, Spain, China, India, Japan, Australia, Brazil, Mexico, GCC, South Africa), Growth Potential, Competitive Market Share & Forecast, 2018 – 2024 https://www.gminsights.com/industry-analysis/large-format-printer-market One of the greatest trends for the large format printer market includes the rising demand for 3D printing. These printers offer various benefits, such as high quality with improved efficiency and reduced energy wastage, which have made them a preferred choice for the end users as compared to the traditional 2D printing. The 3D printing also provides additional services such as scaled-down replicas of the designs along with technologies including fused deposition modeling and selective laser sintering, which will drive the growth of 3D printing market over the forecast period. The large format printer market has penetration into different printing technologies such as ink-based printers and toner-based printers. The UV cured ink-based printers hold a higher market share as they basically contain acrylic monomers along with a photo initiator. This ink dries quickly on being cured and produces a robust image irrespective of the type of substrate. The signage application holds the highest share in the large format printer market. Wide varieties of indoor and outdoor signage are prominently used especially for displaying warning signs on roads and highways and in the industrial sector. As signage prints are carried out with the aid of large format printers, their demand is anticipated to rise over the forecast period. The large format printer market is fragmented with the presence of a substantial number of players. Some of the players present in the market are Canon, HP, Epson, Ronald, Xerox, Mimaki, Lexmark, and AFGA Graphics. These players are investing huge funds into R&D to bring about customized printers, which can be made application-specific thereby catering to varied segments of the market. 2 | P a g e

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